Pickles Auctions (ASX:PCK) Grows Used Vehicle and Equipment Auction Volumes Across Australia in FY2026

Aditi Sarkar

30 October 2026 07:52 PM AEDT

Pickles Auctions (ASX:PCK) Grows Used Vehicle and Equipment Auction Volumes Across Australia in FY2026

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Highlights

Used vehicle and industrial equipment auction volumes growing across national auction network
Digital and online auction platform complementing physical auction sites across Australia
Fleet, insurance, and corporate asset disposal clients driving consistent consignment volumes
Used vehicle market strength supporting higher average realisation prices per lot auctioned

Pickles Auctions Limited (ASX:PCK), trading at A$0.27 as at 30 October 2026, is one of Australia's largest and most established auction houses for used vehicles, industrial equipment, and corporate assets, operating through a national network of physical auction sites complemented by digital online auction capabilities, serving fleet management companies, insurers, financiers, and corporate asset managers who require efficient and transparent disposal solutions for their end-of-life vehicle and equipment assets.

Used Vehicle Auctions: Core Market Position

Pickles's primary revenue driver is the auction of used passenger vehicles, light commercial vehicles, and trucks sourced from fleet operators, insurance companies (salvage and damaged vehicles), vehicle financiers (repossessions and residual value vehicles), and corporate asset managers. The used vehicle auction model generates revenue through buyer premiums (percentage of sale price paid by the buyer) and vendor fees (charged to the consigning party), creating a double-sided revenue model that benefits from the volume of vehicles offered and the prices achieved. Pickles has built its market position over decades through the reliability of its auction processes, the depth of its buyer networks, and the breadth of its national site presence, which allows fleet operators to consolidate vehicle disposal through a single national provider.

Industrial Equipment and Heavy Machinery

Beyond passenger and light commercial vehicles, Pickles operates specialist auctions for industrial equipment, mining machinery, earthmoving equipment, agricultural equipment, and marine assets. These specialist categories require different buyer networks and marketing channels than passenger vehicle auctions, and Pickles has developed dedicated commercial teams and marketing capabilities for these higher-value categories. Industrial equipment auctions typically generate higher absolute dollar transaction values than passenger vehicle lots, contributing meaningfully to revenue despite lower unit volumes. The mining and construction sector's equipment disposal needs are a significant and relatively consistent source of consignment volumes in these categories.

Digital Auction Platform

Pickles has invested significantly in digital auction infrastructure that allows registered buyers to participate in auctions online and through mobile platforms, expanding the effective buyer pool beyond the physical auction site to include interstate and international bidders. Online bidding functionality, combined with detailed vehicle and equipment condition reports and photography, allows buyers to make informed purchasing decisions without physically inspecting every lot. The digital platform has been particularly valuable for fleet buyers who manage large vehicle portfolios and need efficient purchasing tools, and for buyers in regional areas who previously could not cost-effectively participate in metropolitan auctions.

Market Environment and Pricing

The Australian used vehicle market has been characterised by elevated prices in recent years due to the combination of new vehicle supply constraints that persisted through the COVID-19 pandemic semiconductor shortage and a structural increase in demand for personal mobility. While new vehicle supply has normalised through 2024 and 2025, used vehicle prices have remained elevated relative to pre-pandemic levels, which supports higher average realisation prices for Pickles's consignors and higher buyer activity. The return of lease cycle volumes as fleets that were retained during supply shortages are now being renewed has also increased consignment volumes available to auction.

FAQs

Q: What does Pickles Auctions do?

A: Pickles Auctions is one of Australia's largest used vehicle and industrial equipment auctioneers, operating a national network of physical auction sites and a digital online platform. It serves fleet operators, insurers, financiers, and corporate asset managers seeking to efficiently dispose of end-of-life vehicles and equipment.

Q: How does Pickles generate revenue?

A: Pickles generates revenue through buyer premiums (a percentage of the sale price paid by the winning bidder) and vendor fees charged to the party consigning assets for sale. The double-sided revenue model benefits from both the volume of assets auctioned and the prices achieved.

Q: What is driving used vehicle auction volume growth?

A: The return of lease cycle volumes as fleets previously retained during new vehicle supply shortages are being renewed is increasing consignment volumes. Fleet management companies, insurers processing damaged vehicle claims, and vehicle financiers managing returned assets are consistent sources of supply for Pickles's auctions.

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